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TMI BlogNational Single Window System (NSWS) Portal used for all proposals seeking Govt. approval under FDI routeX X X X Extracts X X X X X X X X Extracts X X X X ..... National Single Window System (NSWS) Portal used for all proposals seeking Govt. approval under FDI route - News and Press Release Dated:- 25-3-2023 - News - To promote foreign investment, the Government has put in place an investor friendly policy, wherein most sectors, except certain strategically important sectors, are open for 100% FDI under the automatic route, the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash said in reply to a parliamentary question. Further, the policy on FDI is reviewed on an ongoing basis, to ensure that India remains an attractive and investor friendly destination. To simplify the approval process of foreign Investment and to promote ease of doing business, the erstwhile For ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eign Investment Promotion Board (FIPB) has been abolished in May 2017 and a new regime has been put in place. Under the new regime, process for granting FDI approvals has been simplified wherein the work relating to processing of applications for FDI has been delegated to the concerned Ministries/ Departments and DPIIT is the nodal department for facilitating the process. Detailed standard operating procedure for approval process has been issued by DPIIT. Further, all proposals seeking Government approval under FDI route are now filed on National Single Window System (NSWS) Portal. FDI policy provisions have been progressively liberalized and simplified across various sectors in the last eight years, such as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pension, Other Financial Services, Asset reconstruction Companies, Broadcasting, Pharmaceuticals, Single Brand Retail Trading, Construction Development, Power Exchanges, e- commerce activities, Coal Mining, Contract Manufacturing, Civil Aviation etc. In the recent past, reforms in the FDI Policy have been undertaken in sectors such as Defence, Insurance, Petroleum Natural Gas and Telecom. FDI in defence sector is now allowed up to 74% (from earlier 49%) through automatic route for companies seeking new industrial license. In insurance sector, FDI limit has been raised from 49% to 74% for insurance companies under the automatic route and foreign ownership and control has been allowed with safeguards. FDI up to 20% in Life Insurance Corp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oration of India (LIC) has been permitted under automatic route. Further, FDI up to 100% under the automatic route has been permitted in Telecom sector. Details of Sectors wherein in FDI has increased in past 8 years, as compared to preceding 8 years is placed below: Details of Sectors wherein in FDI has increased in past 8 years, as compared to preceding 8 years, in descending order of FDI Equity Inflow from April 2014 to March 2022 ( excluding reinvested earnings, other capital and equity in incorporated bodies ) SECTOR-WISE COMPARISON of Amount of FDI Equity Inflow (In USD Million) (Approx.) Sl. No Sector April 2006 to March ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2014 April 2014 to March 2022 Growth % (1) (2) (3) (4) (5) 1 COMPUTER SOFTWARE HARDWARE 9,599 72,700 657 2 SERVICES SECTOR (Fin., Banking, Insurance, Non Fin/Business, Outsourcing, R D, Courier, Tech. Testing and Analysis, Other) 37,628 54,689 45 3 TRADING 5,132 29,440 474 4 CONSTRUCTION (INFR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ASTRUCTURE) ACTIVITIES 2,575 25,407 887 5 TELECOMMUNICATIONS 12,098 24,168 100 6 AUTOMOBILE INDUSTRY 8,580 23,030 168 7 CHEMICALS (OTHER THAN FERTILIZERS) 8,864 9,785 10 8 HOTEL TOURISM 6,880 9,269 35 9 METALLURGICAL INDUSTRIES 7,644 8,940 17 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NON-CONVENTIONAL ENERGY 2,997 8,618 188 11 ELECTRICAL EQUIPMENTS 2,927 7,369 152 12 EDUCATION 941 6,777 620 13 INFORMATION BROADCASTING (INCLUDING PRINT MEDIA) 3,511 5,962 70 14 HOSPITAL DIAGNOSTIC CENTRES 2,163 5,644 161 15 CONSULTANCY SERVICES 1,939 5,524 185 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16 RETAIL TRADING 107 3,856 3515 17 SEA TRANSPORT 1,051 3,715 254 18 INDUSTRIAL MACHINERY 2,668 3,413 28 19 AIR TRANSPORT (INCLUDING AIR FREIGHT) 476 3,050 541 20 CEMENT AND GYPSUM PRODUCTS 2,190 2,612 19 21 TEXTILES (INCLUDING DYED,PRINTED) 1,217 2,583 112 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 22 ELECTRONICS 803 2,267 182 23 MINING 952 2,252 136 24 FERMENTATION INDUSTRIES 1,604 1,995 24 25 RUBBER GOODS 1,360 1,838 35 26 PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY) 370 1,799 386 27 MEDICAL AND SURGICAL APPLIANCES 700 1,629 133 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 28 SOAPS, COSMETICS TOILET PREPARATIONS 653 1,506 131 29 PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS) 1,058 1,471 39 30 GLASS 331 859 160 31 DIAMOND,GOLD ORNAMENTS 387 780 102 32 RAILWAY RELATED COMPONENTS 470 721 53 33 AGRICULTURAL MACHINERY 187 641 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 243 34 VEGETABLE OILS AND VANASPATI 383 623 63 35 FERTILIZERS 263 394 50 36 BOILERS AND STEAM GENERATING PLANTS 61 314 411 37 EARTH-MOVING MACHINERY 145 313 117 38 SUGAR 45 184 310 39 SCIENTIFIC INSTRUMENTS 129 164 28 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 40 GLUE AND GELATIN 9 138 1374 41 TIMBER PRODUCTS 85 129 52 42 LEATHER, LEATHER GOODS AND PICKERS 95 109 15 43 DYE-STUFFS 17 83 398 44 DEFENCE INDUSTRIES 5 8 55 Details of top 10 sectors that comprise more than 75% of FDI Equity inflow (excluding reinvested earnings, other capital and equity in incorporated bodies) recei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved in the country during the last three financial years (from April 2019 to March 2022) are as under: STATEMENT ON TOP SECTOR-WISE FDI EQUITY INFLOW FROM April 2019 TO March 2022 Sr. No. Sector Amount of FDI Equity Inflow (In USD Million) %age of Total FDI Equity Inflow (1) (2) (3) (4) 1 COMPUTER SOFTWARE HARDWARE 48,279 29 2 SERVICES SECTOR (Fin., Banking, Insurance, Non Fin/Business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , Outsourcing, R D, Courier, Tech. Testing and Analysis, Other) 20,045 12 3 CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES 13,164 8 4 TRADING 11,720 7 5 AUTOMOBILE INDUSTRY 11,455 7 6 METALLURGICAL INDUSTRIES 5,713 3 7 TELECOMMUNICATIONS 5,505 3 8 EDUCATION 5,245 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 HOTEL TOURISM 4,036 2 10 NON-CONVENTIONAL ENERGY 3,792 2 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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